Electric Propulsion Funding
We understand that upgrading your propulsion system to an electric/hybrid system can be a daunting task. The one question we get asked first and foremost is how much does it cost?
To assist with funding your green propulsion, we work with several future technology investors who can fund individual and fleet projects.
We work with you on a case by case basis to match you with the best lender for your needs. We can help with funding your entire system or simply leasing batteries.
How does electrical funding work?
Together with MIT, your chosen lender will provide the CAPEX for your propulsion system selected and provide you with an expected monthly fee for the service.
Once the project has been specified, the lender will purchase the assets for the investment and lease these to the user for the duration of the contract.
All repairs and maintenance can be covered within the contract.
What’s more, leasing equipment means you can upgrade your green propulsion solution as soon as new technology comes to market, even mid-contract!
Once the contract has expired, The user can extend the contract or purchase the assets outright at an agreed price.
Funding is available for both individual and fleet vessels for both leisure and commercial applications.
What can be covered by the funding?
- Complete electric/hybrid propulsion system inc batteries
- Batteries only
- Onshore charging infrastructure
- Technology upgrades.
Why use electrical funding?
- Install green propulsion with a minimal upfront cost
- Clear monthly operational expenditure
- Cover all maintenance and repairs
- Upgrade your green propulsion solution as soon as new technology comes to market
- Future proof your business.